New Jersey Clean Energy Plan Includes Offshore Wind, Nuclear Support and Electricity Storage

SUGAR LAND--March 20, 2018--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Phil Murphy became New Jersey's governor January 16, and he wasted no time putting his imprint on the state's energy policy. Within two weeks of his inauguration, Murphy, a Democrat, laid out his clean energy vision for the Garden State, which included a goal of having 3,500 megawatts (MW) of offshore wind energy operating by 2030. He also withdrew New Jersey from the litigation over the Obama administration's Clean Power Plan, had the state rejoin the Regional Greenhouse Gas Initiative (RGGI) (New York, New York), and signaled his support for legislation providing up to $300 million per year in financial support to keep two nuclear plants in the state operating if they become uneconomic.

Within this article: Details of New Jersey's updated energy policies

Companies featured: Public Service Enterprise Group Incorporated (NYSE:PEG), Exelon Corporation (NYSE:EXC)